I guess that is the beauty of charting as at the moment I can see a few possible patterns forming:
1) Symetric Triangle/Pennant.
2) Rectangle as Haspete mentioned.
3) Ascending Triangle.
Looking at the site Haspete pointed at on Rectangle, the current CSL chart would fit within the examples they give for both.
I guess that is why I am a newbie and still learning which pattern you pick out of the possible pack. So how do you determine which one it is?
In below chart:
Rectangle = 2 Blue Lines
Pennant = 2 Black Lines
Ascending = Top blue line and bottom black line.
Just out of interest, I think todays high would touch the down trend line from what I can guesstimate (delayed data so do not see todays candle).
I guess that is the beauty of charting as at the moment I can...
-
- There are more pages in this discussion • 84 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$305.34 |
Change
4.220(1.40%) |
Mkt cap ! $147.5B | |||
| Open | High | Low | Value | Volume |
| $303.92 | $305.98 | $302.00 | $378.0M | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74 | $305.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $305.43 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |